US and UK Trade deal: US President Donald Trump on Thursday signed a trade deal with UK Prime Minister Keir Starmer. This trade pact with the UK is the US’s first following President Donald Trump’s imposition of broad tariffs on the country’s trading partners.
“The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” Trump said in a Truth Social post.
“Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!”
“This should be a very big and exciting day for the United States of America and the United Kingdom,” he said separately.
US-UK trade deal
As per the terms of the deal, the US has agreed to lower the import duty on cars that President Donald Trump had increased by 25 per cent in April to 10 per cent for as many as one lakh cars a year. The move will aid luxury automakers including, Rolls Royce as well as Jaguar Land Rover immediately, nonetheless, the quota of a set number caps the benefit as the lower rate applies only to the first one lakh cars imported each year.
Business Secretary Jonathan Reynolds told the BBC that thousands of jobs at automakers facing US tariffs were at stake in the UK.
“This was very serious,” he said. “It would have meant people would have lost their jobs without this breakthrough.”
Tariff on steel, aluminium also slashed
Furthermore as per the official sources, tariffs on both steel and aluminium which were raised earlier this year by Trump to 25 per cent have also been lowered. The office added that a quota of 13,000 metric tonnes for UK farmers would be part of the “reciprocal access” that the two nations had jointly decided for beef exports.
The US said the pact would lead to a $5 billion “opportunity” for exports, including $ 700million in ethanol and $250 million in other agricultural products.
“It can’t be understated how important this deal is,” US Agriculture Secretary Brooke Rollins said.
(With inputs from agencies)
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
